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Lyon set to buy Megan Rapinoe’s team, Reign FC

Posted in Talking Politics

Published on November 28, 2019 with No Comments

Reign FC, a National Women’s Soccer League team featuring Megan Rapinoe and Allie Long, is negotiating a sale of the franchise to the parent company of French football club Olympique Lyonnais. Reign FC and the OL Groupe announced the pact. The clubs expect the transaction to close by Jan. 31. Reign FC will continue to play in Tacoma, Wash.

“Our ambition has always been to operate the best women’s football club in the world,” Reign FC majority owner Bill Predmore said in a news release.”This is a distinction long held by OL, making them the perfect organization to help us achieve our long-term objectives for the club.” Current Reign FC majority owners Teresa Predmore and Bill Predmore will keep a minority stake in the team after the sale is complete. Bill Predmore will serve as the CEO. Teresa Predmore will continue to serve as president of Reign Academy after the sale. Reign FC has won two NWSL shields and made the playoffs four times. The club had a record-setting 2019 season in financial terms, with the most revenue from ticket sales, merchandise and sponsorship in franchise history. The club also set several attendance records in 2019. “Teresa and I are proud of what the organization has accomplished over the past seven years and believe these efforts have created a strong foundation for the club’s future success,” Bill Predmore said. “That said, we know that there remains much work to do to realize our dreams and aspirations for the club.” Reign FC moved from Seattle to Tacoma in January. The franchise was founded in 2012 and originally played in Tukwila Wash., during their inaugural 2013 campaign. Reign FC dropped Seattle from their name before the 2019 season.

 

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